Palisade Capital Management LP Sells 8,812 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Palisade Capital Management reduced its AMD position by 10.3% in the second quarter, selling 8,812 shares and retaining 77,021 shares valued at approximately $44.7 million. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains positive: AMD has a consensus “Moderate Buy” rating and an average price target of $553.72, supported by strong AI and data-center growth expectations.
• AMD recently exceeded quarterly earnings expectations, reporting $1.66 in adjusted EPS and $11.54 billion in revenue, up 50.1% year over year. However, insider selling and potential semiconductor tariffs remain risks for investors.

Palisade Capital Management LP trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,021 shares of the semiconductor manufacturer's stock after selling 8,812 shares during the quarter. Advanced Micro Devices accounts for 1.9% of Palisade Capital Management LP's portfolio, making the stock its 7th largest position. Palisade Capital Management LP's holdings in Advanced Micro Devices were worth $44,742,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices during the fourth quarter worth about $27,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $30,000. Graney & King LLC bought a new stake in shares of Advanced Micro Devices in the first quarter worth about $31,000. Finally, Main Street Group LTD acquired a new stake in shares of Advanced Micro Devices during the first quarter worth about $33,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMD shares. TD Cowen reiterated a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Needham & Company LLC raised shares of Advanced Micro Devices to a "buy" rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, BMO Capital Markets began coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $553.72.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap
• Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership
• Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison
• Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding
• Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock

Insider Activity at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,993 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the transaction, the senior vice president directly owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 15,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total transaction of $7,214,100.00. Following the transaction, the chief executive officer owned 3,102,156 shares in the company, valued at approximately $1,491,950,906.64. The trade was a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 241,203 shares of company stock worth $114,011,942. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $465.58 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The company has a market cap of $760.05 billion, a P/E ratio of 119.69 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock's 50-day simple moving average is $505.66 and its 200 day simple moving average is $384.43.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business's quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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